N.J. Admin. Code § 11:2-37.3
"Accredited state" means a state in which the insurance department or other regulatory agency has qualified as meeting the minimum financial regulatory standards promulgated and established from time to time by the NAIC.
"Captive insurer" means an insurance company owned by another organization whose exclusive purpose is to insure risks of the parent organization and affiliated companies or, in the case of groups and associations, insurance organizations owned by the insureds whose exclusive purpose is to insure risks to member organizations or group members and their affiliates.
"Commissioner" means the Commissioner of the New Jersey Department of Banking and Insurance.
"Control" or "controlled" has the same meaning as defined at N.J.S.A. 17:27A-1c.
"Controlled insurer" means a licensed insurer which is controlled, directly or indirectly, by a producer.
"Controlling producer" means a producer who, directly or indirectly, controls an insurer.
"Department" means the New Jersey Department of Banking and Insurance.
"Licensed insurer" or "insurer" means any corporation, association, partnership, reciprocal exchange, interinsurer, Lloyd's insurer, or other person engaged in the business of insurance pursuant to 17:17-1.
"NAIC" means National Association of Insurance Commissioners.
"Producer" means any person engaged in the business of an insurance agent, insurance broker or insurance consultant as defined at 17:22A-28.
"Producer-controlled" means controlled, directly or indirectly, by a producer.
N.J. Admin. Code § 11:2-37.3
See: 32 N.J.R. 3530(a), 33 N.J.R. 85(a).
Amended by R.2005 d.350, effective 10/17/2005.
See: 37 N.J.R. 2285(a), 37 N.J.R. 4026(a).
Substituted "NAIC" for the term "FNAIC"; in "Producer" definition, substituted "N.J.S.A. 17:22A-28" for "N.J.S.A. 17:22A-2".